After initially getting spooked by an analyst downgrade, investors flocked back to buy shares of cable and streaming TV company AMC Networks (NASDAQ: AMCX), sending the shares up 2% through 1:20 p.m. ET.

The streaming company, best known for airing such hit series as Breaking Bad, Mad Men, and The Walking Dead, got hit with a downgrade to underweight (i.e., sell) by investment bank Morgan Stanley this morning. That explains why the stock sold off early today.

But why are investors now buying AMC stock back?

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Source Fool.com